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Investment signal

$1,200,000

908 181 Beachside Dr

Save this home

Beds

2

Baths

3

Sqft

Year

2007

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Parksville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to the Beach Club Resort in Parksville, BC: An oceanfront retreat on one of Vancouver Island’s most iconic beaches. This rare offering includes all 4- 1/4 shares (4 separate Titles) of a Penthouse ocean view condo, giving you year-round enjoyment & complete ownership flexibility. With 1200+ sqft of beautifully finished space, the unit features a 1 Bed/2 Bath Primary Suite plus a self-contained Studio Suite, ideal for family getaways or generating rental income. Enjoy sweeping views of Parksville’s sandy shoreline from 2 private balconies, or relax in air-conditioned comfort surrounded by elegant, executive décor. The 900 sqft Primary Suite has a gourmet kitchen, open living/dining area, spa-inspired ensuite, and spacious bedroom. The Studio Suite includes 2 queen beds, a wet bar, full bath, and private balcony. Owners enjoy secure underground parking & access to world-class resort amenities including pool, spa, gym, and fine dining. A premier West Coast investment opportunity! (id:65958)

Subtype
Single Family
Architectural style
Contemporary
Structure
Apartment
Community
Beach Club Resort
Common interest
Timeshare/Fractional
Living area
1,296 square feet
Lot size
1,230 square feet
Lot dimensions
1230
Condo/HOA fee
$2,416.16 monthly
Fireplace
1
On market
Mar 24, 2026
Status changed
Apr 16, 2026
Annual tax
$6,070
Zoning
Residential/Commercial
Photos
78
MLS#
1029632
Area
PARKSVILLE

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerMicrowave

Heating

Baseboard heatersElectric

Cooling

Central air conditioning

Lot

Central locationOtherMarine Oriented

Community

Family OrientedPets not Allowed

View

Ocean view

Waterfront

Waterfront on ocean
Negative cash flow ~$1,294/mo at these assumptions

Cash on cash

-6.47%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,362

Financing

Down payment$240,000
Loan amount$960,000
Mortgage$4,864/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$550
Insurance$80
Maintenance$1,000
CapEx reserve$500
Vacancy loss$300

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,864/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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